Friedman, Poole & Friedman, P.C. is a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code.
The Chapter 7 bankruptcy code is known as liquidation or “straight bankruptcy.” It is used primarily by individuals who wish to free themselves of debt. The debtor’s major interests in a Chapter 7 case are in retaining exempt property and in getting a discharge that covers as many debts as possible
Chapter 13 bankruptcy involves working out a repayment plan with creditors. The purpose of Chapter 13 is to enable financially distressed individual debtors, under court supervision and protection, to propose and carry out a repayment plan under which creditors are paid over an extended period of time.